Europe Augmented Reality Market Share, Growth, by Application, Production, Revenue & Forecast to 2024
Category: #reports  By Madhuri Pawar  Date: 2019-02-27
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Europe Augmented Reality Market Share, Growth, by Application, Production, Revenue & Forecast to 2024

 Europe Augmented Reality Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 12 billion by 2024 with a projected CAGR of 65% over 2017-2024, as per the latest report by Graphical Research.

“Europe AR Market analysis based on Components, Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”, predicted to cross USD 12 billion by 2024.

A rise in the demand for head-mounted displays in several sectors such as healthcare and military & defense is driving the growth of the Europe AR Market. The applications of these devices in analyzing and testing of several diseases in the healthcare sector are boosting its need and importance. It assists surgeons and doctors in improving the visualization of the organs and parts. Several major players in the Europe AR Market are developing these products in the region. For instance, TRIVISIO Prototyping GmbH is the major European company, which develops head-mounted displays.

Sample of this report @ https://www.graphicalresearch.com/request/1002/sample

The growing adoption of the technology by the entertainment & gaming sector is gaining momentum with the increasing interest of people in gaming products in the Europe AR Market. These products provide an enhanced gaming experience to the customers and are experiencing a high demand from the young generation. With the integration of AR technology into these products, the demand for these devices in the sector is growing at a rapid pace and is attracting the customers’ attention. Several manufacturers in the Europe AR Market are offering products based on this technology. For instance, Sony developed several games based on this technology such as Cliff Diving, Fireworks, and Table Soccer.

Application of AR technology in the defense sector is growing at a rapid pace in the Europe AR market. A rise in the demand for simulation-based training to provide real-life experiences of war conditions can be witnessed in European countries. It provides a simulated environment to the soldiers, allowing them to function in critical conditions and environments and experience the actual war conditions. Several manufacturers are offering these products to the defense sector. For instance, in October 2017, Serious Simulations entered into a contract to provide these products to the European army, which will allow them to provide simulation-based training to their soldiers.

Key players operating in the Europe AR Market are INDE, Vitualware, Daqri LLC, Blippar, Medsights Tech Corp, Google, Inc., and Microsoft Corporation. These players are offering their products in several industrial sectors and catering to the ever-increasing market demand. The players in Europe AR Market are adopting several strategies to capture the widespread customer base such as mergers and acquisitions. For instance, in May 2018, Google acquired Owlchemy Labs, which provides AR devices to extend the presence of the company and to offer advanced solutions.

Browse key industry insights from report @
https://www.graphicalresearch.com/industry-insights/1002/europe-AR-augmented-reality-market

Segments We Cover:

Europe Augmented Reality Market, By Application

  • Medical
  • Automotive
  • Aerospace & defense
  • Gaming
  • Retail
  • Industrial
  • Others

Europe Augmented Reality Market, By Component

  • Hardware
    • Head-mounted display
    • Heads-up displays
    • Smart glasses
  • Software

Make an inquiry for purchasing this report @ https://www.graphicalresearch.com/request/1002/inquiry-before-buying

The above information is provided for the following countries:

  • Germany
  • UK
  • France
  • Italy
  • Russia

Related Reports:
1. North America Augmented Reality Market Share By Component (Hardware [Smart Glasses, Head-Mounted Display (HMD), Head-Up Display (HUD)], Software), By Application (Medical, Automotive, Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

2. Asia Pacific (AR) Augmented Reality Market Size By Component, By Application (Medical, Automotive, Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report, Regional Outlook (China, Japan, India, South Korea, Taiwan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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